Patient Capital

When we plant seeds or invest in a crop or sheep, we have an expectation that the harvest won’t be for some time, maybe even several years. Most capital and commodity markets, however, have an expectation of some sort of return straight away. Markets, by and large,...

The Lucky Country

If you spend anytime absorbing media at present, it’s quite easy to feel appreciative of our current situation in comparison to the rest of the world. Geographically, there’s not too many places better than country WA to be right now. Financially, there’s not too many...

Essential Ag

While much of the world sits idle, agricultural workers continue business as usual, seeding, spraying, fertilising. I talk a lot about meaningful work. Does your work have meaning? Or is it just filling in the day and paying the bills? Farmers probably don’t think...

A Rapidly Changing Environment

What an amazing week. The powers that be will be trying their best to “flatten the curve” of those being infected with COVID19 so as not to collapse our healthcare system. The human and political reaction is nothing like any of us have ever seen or...

Don’t benchmark against unknowns

I have an issue with benchmarking ourselves against potential unknown and out of our control futures. But for the sake of this riff, I’ll run with it. If we sold barley last month at $290/t, and now it’s market value is $310/t, have we lost $20/t? And if we have, have...